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Double Barrier Call or Put Option

A type of Double Barrier Option whereby in the knock-out case, if during the life of the option neither barrier is touched, the payout at the expiry is as for a call or put option. For the knock-in option, on the other hand, the payout at expiry is as for a call or put option only if one of the barriers has been breached.

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Portfolio valuation and risk analytics for multi-asset derivatives and fixed income.